Continental Holdings Limited (00513) said it is anticipated that the group is expected to record a significant decrease in profit for the year ended 30 June 2019 as compared to the year ended 30 June 2018.
The decrease was mainly due to the group has disposed of a 50% joint venture that holds a shopping mall in Shanghai on 20 April 2018. There are absences of (i) one-off gain on such disposal amounting to HK$363.2 million; and share of profit of that joint venture of HK$68.9 million recorded in 2018.
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